Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) traded up 8.9% on Tuesday . The company traded as high as $4.62 and last traded at $4.60. 1,747,895 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 4,438,417 shares. The stock had previously closed at $4.22.
Wall Street Analyst Weigh In
Separately, Roth Capital reissued a "buy" rating and set a $6.75 price target (up from $6.25) on shares of Silvercorp Metals in a research report on Tuesday.
Get Our Latest Research Report on SVM
Silvercorp Metals Trading Up 3.6%
The firm has a market cap of $1.01 billion, a P/E ratio of 15.50 and a beta of 1.01. The business's 50-day moving average is $3.95 and its two-hundred day moving average is $3.67. The company has a current ratio of 5.05, a quick ratio of 4.95 and a debt-to-equity ratio of 0.13.
Silvercorp Metals Announces Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, June 26th. Stockholders of record on Friday, June 6th were given a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Friday, June 6th. Silvercorp Metals's payout ratio is 8.33%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in SVM. Raymond James Financial Inc. acquired a new position in shares of Silvercorp Metals during the fourth quarter valued at $103,000. Bank of America Corp DE increased its stake in shares of Silvercorp Metals by 206.4% during the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company's stock valued at $3,774,000 after acquiring an additional 847,547 shares during the period. Prudential Financial Inc. acquired a new position in shares of Silvercorp Metals during the fourth quarter valued at approximately $46,000. Y Intercept Hong Kong Ltd bought a new stake in Silvercorp Metals during the fourth quarter worth approximately $187,000. Finally, Sowell Financial Services LLC acquired a new stake in Silvercorp Metals in the first quarter worth approximately $77,000. 22.30% of the stock is currently owned by institutional investors.
About Silvercorp Metals
(
Get Free Report)
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.
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